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News

25 Feb Britain’s Lloyds to cut 780 jobs – union

Posted at 11:14h in News by KMFSLLP 0 Comments

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Britain's biggest domestic bank Lloyds is planning to axe 780 jobs as part of ongoing cost-cutting at the lender, union Unite said on Wednesday.

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25 Feb UPDATE 2-Metro Bank cuts back growth plans after plunge into the red

Posted at 11:04h in News by KMFSLLP 0 Comments

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Metro Bank shares tumbled on Wednesday after the bank plunged to a full-year loss of 131 million pounds ($170 million) and scaled back growth plans, capping a year dominated by an accounting scandal that forced its top bosses to quit.

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25 Feb Swiss watchdog to probe Julius Baer employees on money-laundering oversight

Posted at 11:03h in News by KMFSLLP 0 Comments

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Switzerland's financial watchdog will probe the actions of individuals at Julius Baer after it reprimanded the bank for ignoring money-laundering risks in payments linked to corruption in Venezuela and world soccer body FIFA.

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25 Feb CIBC reports rise in quarterly profit

Posted at 11:02h in News by KMFSLLP 0 Comments

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Canadian Imperial Bank of Commerce on Wednesday reported a 2.5% rise in quarterly profit, boosted by gains in its capital markets unit.

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25 Feb UPDATE 1-Toyota says Japan plants may be affected by virus-related supply issues

Posted at 10:24h in News by KMFSLLP 0 Comments

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Toyota Motor Corp on Wednesday said that operations at its plants in Japan may be affected by supply chain issues linked to the new coronavirus outbreak in the coming weeks, as the global outbreak gathers pace.

25 Feb UPDATE 1-Blackstone to buy British student housing group iQ for $6 bln

Posted at 10:24h in News by KMFSLLP 0 Comments

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Goldman Sachs' merchant banking unit and medical charity Wellcome Trust have agreed to sell https://www.iqstudentaccommodation.com/blackstone-acquire-iq the British student accommodation company iQ to Blackstone for 4.66 billion pounds ($6.06 billion), the companies said.

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25 Feb China c.bank says most of new re-lending quota to target small, agricultural firms

Posted at 10:01h in News by KMFSLLP 0 Comments

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China's central bank said on Wednesday that it will target the allocation of 300 billion yuan ($43 billion) of a new re-lending quota to smaller firms, and 100 billion yuan to agricultural firms.